Business assets span many categories. They can be physical, tangible goods, such as vehicles, real estate, computers, office furniture, and other fixtures, or intangible items, such as intellectual property . A business asset is a piece of property or equipment purchased exclusively or primarily for business use.
What is an asset?
An asset is a resource with economic value that an individual or company owns or controls with the expectation that it will provide a future benefit.
What is an example of an asset?
An asset is anything that has current or future economic value to a business. Essentially, for businesses, assets include everything controlled and owned by the company that’s currently valuable or could provide monetary benefit in the future. Examples include patents, machinery, and investments. What are intangible assets?
